support level

noun

: a price level on a declining market at which a security resists further decline due to increased attractiveness to traders and investors

called also support area

Example Sentences

Recent Examples on the Web

That’s why matching your support level with the intensity of your activity is key, especially where high-impact workouts are concerned. —Rozalynn S. Frazier, Travel + Leisure, 10 Feb. 2023

Teledoc has a long way to go, however, with several more resistance levels to break above and a support level that has to hold. —John Navin, Forbes, 28 June 2022

Those numbers represented almost a halving of the support level in 2021 for both Blackrock and Vanguard, while State Streets support for ESG measures fell by ten percentage points over the same time period. —Cassie Werber And Amanda Shendruk, Quartz, 19 Jan. 2023

Bulls need to hold that key support level and get back above resistance at 4,430 through the course of this week. —Jon Markman, Forbes, 26 Jan. 2022

Take a look at how the mid-May low — the previous support level — is broken this week. —John Navin, Forbes, 7 May 2022

If that support level is taken out, something has changed. —John Navin, Forbes, 7 May 2022

The stock broke through the support level of 300 in early 2022 and can now be purchased at 208. —John Navin, Forbes, 13 May 2022

The currency recovered slightly on Wednesday morning but remained below $19,000, an important psychological support level that has held since the lows of mid-June when the implosion of TerraUSD touched off a broader meltdown in the crypto markets. —Christiaan Hetzner, Fortune, 7 Sep. 2022

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Word History

First Known Use

1906, in the meaning defined above